Intel Corp(se)?

Intel broke its 200WMA recently & short term is trying to get back up close to it. I think traders will try to range back to closer to its 50DMA which is converging onto the 200WMA at about 20-20.5 before it moves towards the next resistance level of 22-24. Weekly RSI is back to Oct 2008 lows as well. 18.5-19 seems to be an important multi year horizontal pivot line in the sand. NASDAQ recently only had a couple of market leaders such as Apple, Amazon & Qualcomm but laggards like this are worth a look as well.

That name pun was a result of watching too much Walking Dead recently. Intel is still alive & kicking on the contrary.


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